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The move to a shortened settlement cycle (T+2) in the U.S. financial markets for equities, corporate and municipal bonds and unit investment trust trades continues to gain momentum. Most recently, The Depository Trust & Clearing Corporation (DTCC), in collaboration with the financial services industry, formed an industry steering committee (ISC) and an industry working group (IWG) to unify the effort and finalize the implementation timeline.

John Abel, DTCC Vice President Product Management Settlement and Asset Services, joined with ISC co-chairs Kathleen Joaquin, Chief Industry Operations Officer, ICI, and Tom Price, Managing Director, Operations, Technology & Business Continuity Planning, SIFMA, to discuss the move to T+2 in the U.S. with TABB Forum.

 

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